Business ?New? Payment Solution?

[HairyChick]

Anyone heard if this before??


Now you can quickly send and receive money with people outside of your bank.

Zelle works with your bank, so your transaction is secure.
We just need to confirm some details to activate Zelle so you can start sending and receiving money in minutes

I read terms and signed up. NO fees to send or receive. I use the online pay feature to pay bills but I?m curious about an alternative to PayPal. How many know about it, does it allow adult and when will fees begin. Need more info before I use it or even test it.

[HairyChick]

OF this, not IF this.

[Sly]

Wells Fargo has been marketing it pretty hard. I was under the impression that it is a product they created. Have not tried it yet myself.

[Brian mike]

Zelle, a payment network backed by major US banks, is launching a standalone app. ... Since the network works directly with banking partners, money can be transferred between accounts — regardless of bank affiliations — for free, and can be withdrawn in minutes.
Sep 8, 2017

backed by major US banks = IMO No adult allowed.

here an article: https://www.theverge.com/2017/9/8/16...nmo-competitor

[ReggieDurango]

I use it to send money from my wells fargo account to other people with wells fargo accounts, but I didn't realize I could send it to people with accounts at other banks!?

[HairyChick]

Did a little research last night. Formerly ClearXchange but that doesn't ring a bell. My bank is Citizens Bank and they sent a message via their online payment console about this. I signed and am waiting. Have Square Cash after it was recommended here. The "only android and iOS" users is inaccurate as I believe they serve other OS, too

Zelle, formerly known as clearXchange, is a new app that offers free person-to-person payments. The service, for Android and iOS users, is backed by more than 30 American banks, and will directly rival popular existing payment apps like Venmo, Apple (AAPL) Pay and Square Cash.

Though the standalone app has only been available since Tuesday, customers have been able to make payments using Zelle through their bank's app or website since June.
Powered by SmartAsset.com


So what makes Zelle different? For one thing, convenience. You don't actually have to sign up for the service and enter your bank account information, and then make sure all your friends and family members do, too. You and most people you know probably already have access to it because it's set up to work with your checking account at a participating bank. Have an account with Chase? Bank of America? Wells Fargo? You've got Zelle already.

Banking apps or websites have traditionally allowed for money transfers in various forms, but they often required you to provide them with the account information of the person you wanted to send money to. Sometimes enrollment was required by both parties, and transactions could take a couple of days in some instances. Plus, it wasn't always an option if you didn't share the same bank.

With Zelle, you can transfer funds from your checking account to another person's in minutes. All you need is that person's email address or phone number. Zelle will automatically send that person a text or email with a link saying that they have a payment waiting for them. All they need to do is accept. You can also request funds from another person.

Zelle claims to be safer than other mobile payment systems, because it eliminates the need to enter bank account numbers.

"When we write checks ... we freely hand our personal information to someone where that information can be compromised," says Lou Anne Alexander, the Group President of Payments at Early Warning, the company behind Zelle.

With mobile banking apps such as Zelle, the only information being exchanged is a phone number or email address, which Alexander says people are more prone to sharing.
Zelle has some serious competition in the mobile marketplace. Venmo is already highly popular among Millennials, boasting $17.6 billion in mobile transactions last year. Square Cash allows for free instant transfers as well. By and large, however, Americans have been slow to adopt mobile wallets, favoring traditional cash and credit cards instead.

Zelle hopes that the convenience of not having to enter account information, and confidence that their personal information is being protected by a bank they already use, will compel consumers to choose the service over a competitor.

The company is also excelling in the business-to-consumer arena, as companies such as Allstate insurance are accepting the payment via the app for fast money transfers.
"If you've wrecked your car and need money very quickly so that you can go to work, getting money out to consumers [via Zelle] is quick and easy," Alexander says

Right now, most payment apps are being used by the millennial demographic, specifically those who live in large urban centers. Zelle is growing by 50,000 new customers per day, and already sees a greater adoption among older members, according to Alexander.

The company hopes to expand to more financial institutions in the United States, potentially reaching as many as 86 million customers.

"We are definitely seeing mobile payment moving from millennial to mainstream," Alexander says. "Safety and soundness is what we believe consumers are looking for."
CNNMoney (New York)

[Forkbeard]

I find it impossible to believe there won?t be a #pornocalypse anti-adult provision buried six layers deep in somebody?s terms of service, that comes to light only when accounts start getting frozen/held/siezed/reversed/borked.

But that might just be my weary cynicism and many years in the business talking.

[Brian mike]

Originally Posted by PamWinterReturns

Did a little research last night. Formerly ClearXchange but that doesn't ring a bell. My bank is Citizens Bank and they sent a message via their online payment console about this. I signed and am waiting. Have Square Cash after it was recommended here. The "only android and iOS" users is inaccurate as I believe they serve other OS, too

Zelle, formerly known as clearXchange, is a new app that offers free person-to-person payments. The service, for Android and iOS users, is backed by more than 30 American banks, and will directly rival popular existing payment apps like Venmo, Apple (AAPL) Pay and Square Cash.

Though the standalone app has only been available since Tuesday, customers have been able to make payments using Zelle through their bank's app or website since June.
Powered by SmartAsset.com


So what makes Zelle different? For one thing, convenience. You don't actually have to sign up for the service and enter your bank account information, and then make sure all your friends and family members do, too. You and most people you know probably already have access to it because it's set up to work with your checking account at a participating bank. Have an account with Chase? Bank of America? Wells Fargo? You've got Zelle already.

Banking apps or websites have traditionally allowed for money transfers in various forms, but they often required you to provide them with the account information of the person you wanted to send money to. Sometimes enrollment was required by both parties, and transactions could take a couple of days in some instances. Plus, it wasn't always an option if you didn't share the same bank.

With Zelle, you can transfer funds from your checking account to another person's in minutes. All you need is that person's email address or phone number. Zelle will automatically send that person a text or email with a link saying that they have a payment waiting for them. All they need to do is accept. You can also request funds from another person.

Zelle claims to be safer than other mobile payment systems, because it eliminates the need to enter bank account numbers.

"When we write checks ... we freely hand our personal information to someone where that information can be compromised," says Lou Anne Alexander, the Group President of Payments at Early Warning, the company behind Zelle.

With mobile banking apps such as Zelle, the only information being exchanged is a phone number or email address, which Alexander says people are more prone to sharing.
Zelle has some serious competition in the mobile marketplace. Venmo is already highly popular among Millennials, boasting $17.6 billion in mobile transactions last year. Square Cash allows for free instant transfers as well. By and large, however, Americans have been slow to adopt mobile wallets, favoring traditional cash and credit cards instead.

Zelle hopes that the convenience of not having to enter account information, and confidence that their personal information is being protected by a bank they already use, will compel consumers to choose the service over a competitor.

The company is also excelling in the business-to-consumer arena, as companies such as Allstate insurance are accepting the payment via the app for fast money transfers.
"If you've wrecked your car and need money very quickly so that you can go to work, getting money out to consumers [via Zelle] is quick and easy," Alexander says

Right now, most payment apps are being used by the millennial demographic, specifically those who live in large urban centers. Zelle is growing by 50,000 new customers per day, and already sees a greater adoption among older members, according to Alexander.

The company hopes to expand to more financial institutions in the United States, potentially reaching as many as 86 million customers.

"We are definitely seeing mobile payment moving from millennial to mainstream," Alexander says. "Safety and soundness is what we believe consumers are looking for."
CNNMoney (New York)

Deep research here @PamWinterReturns
All you need is that person's email address or phone number. Zelle will automatically send that person a text or email with a link saying that they have a payment waiting for them. All they need to do is accept. You can also request funds from another person.

After reading this i can confirmed we have Interact e-transfer in Canada working kind of the same way and only available for participant Canadian Bank. Take usually less then 30 minutes can be a little more. The fee are from $0 to $1.00 Exemple: when i pay my rent by e transfer they wave the $1 fee.
If i send an interact etransfer to the babysitter they will charge me $1 fee.

For once We as Canadian are not last this time to implement this features lol

[_Richard_]

Originally Posted by Brian mike

Deep research here @PamWinterReturns
All you need is that person's email address or phone number. Zelle will automatically send that person a text or email with a link saying that they have a payment waiting for them. All they need to do is accept. You can also request funds from another person.

After reading this i can confirmed we have Interact e-transfer in Canada working kind of the same way and only available for participant Canadian Bank. Take usually less then 30 minutes can be a little more. The fee are from $0 to $1.00 Exemple: when i pay my rent by e transfer they wave the $1 fee.
If i send an interact etransfer to the babysitter they will charge me $1 fee.

For once We as Canadian are not last this time to implement this features lol

[celandina]

Originally Posted by Brian mike

Zelle, a payment network backed by major US banks, is launching a standalone app. ... Since the network works directly with banking partners, money can be transferred between accounts ? regardless of bank affiliations ? for free, and can be withdrawn in minutes.
Sep 8, 2017

backed by major US banks = IMO No adult allowed.

here an article: https://www.theverge.com/2017/9/8/16...nmo-competitor

No adult allowed... So why bother discussing it on adult forum ??? This is akin to discussing fishing on hunting forum. Waste of time.

[Bladewire]

Originally Posted by celandina

No adult allowed... So why bother discussing it on adult forum ??? This is akin to discussing fishing on hunting forum. Waste of time.

Please provide a link where it says no adult I've missed that

[directfiesta]

Originally Posted by Brian mike

For once We as Canadian are not last this time to implement this features lol

Reading the OP , I was wondering what was wrong with me , as we do this in Canada for at least 5 years ....

Now I am reassured that I am not back to the future ....

[Brian mike]

Originally Posted by directfiesta

Reading the OP , I was wondering what was wrong with me , as we do this in Canada for at least 5 years ....

Now I am reassured that I am not back to the future ....

lol eh eh

[HairyChick]

Originally Posted by celandina

No adult allowed... So why bother discussing it on adult forum ??? This is akin to discussing fishing on hunting forum. Waste of time.

An opinion suggests no adult allowed due to major US banks being involved. The opinion of the poster only, not a rule. The site I'm doing this for isn't solely adult. The adult section is using other APIs at another URL. I had to separate the adult from the mainstream because of the banks. One told me they'd be carefully watching my transactions. I asked for clarification of adult. Stories are subjective as are text ads, website templates, etc. If they process for sites with comments left using fucking, tits and asshole, they can process for sites with sex text using fucking, tits and asshole, but no photos or drawings That was my argument with one processor and the CEO emailed to tell me he approved me and asked if I was a lawyer! He said he admired my "intelligent" thinking rather than me yelling and threatening as others have done.

I emailed Velle last week to inquire and a two day response was promised. Nothing yet, though. I'll respond to their response and ask what's taking so long. The wait isn't instilling confidence in them. Hopefully the holidays is the issue.

I have several payment APIs in place with four more due from someone on this board. Another processor s always welcome, especially for foreign transactions

[HairyChick]

Originally Posted by Brian mike

Deep research here @PamWinterReturns

Nah, just a quick Google search. Better to be informed than unprepared. I've tried to read every link on their site to find hidden fine print. It kills time while waiting for a doctor

I emailed my accountant and asked him to check it out thoroughly. Their low or no fee policy made me a little leery. I want to be sure the contract we sign doesn't put disclaimers about fee increases in legal terms with twisted words.

Looks like Canada is ahead in the money laundering errr transfer business;)

[kmanrox]

Originally Posted by Brian mike

Deep research here @PamWinterReturns
All you need is that person's email address or phone number. Zelle will automatically send that person a text or email with a link saying that they have a payment waiting for them. All they need to do is accept. You can also request funds from another person.

After reading this i can confirmed we have Interact e-transfer in Canada working kind of the same way and only available for participant Canadian Bank. Take usually less then 30 minutes can be a little more. The fee are from $0 to $1.00 Exemple: when i pay my rent by e transfer they wave the $1 fee.
If i send an interact etransfer to the babysitter they will charge me $1 fee.

For once We as Canadian are not last this time to implement this features lol

Deep research, perhaps. Too deep, for sure. Lost me after the second sentence.

[Brian mike]

Originally Posted by PamWinterReturns

Looks like Canada is ahead in the money laundering errr transfer business;)

Bahamas, the Cayman Islands, the Cook Islands, Dominica, Israel, Lebanon, Liechtenstein, the Marshall Islands, Nauru, Niue, Panama, the Philippines, Russia, St. Kitts and Nevis and St. Vincent and the Grenadines.

Switzerland, which has a reputation for jealously guarding banking customers' identities with a numbered system, no longer shields criminal assets and generally cooperates with foreign investigators, United States officials said. It is a member of the group that drew up the list.

15 Countries Named as Potential Money-Laundering Havens - The New York Times

[Sid70]

First, shave your arm pits before talking to people.